{"data":{"id":"us-ky/krs-194a.055","jurisdiction":"us-ky","citation":"KRS 194A.055","heading":"Kentucky Health Care Improvement Fund -- Purpose -- Source of","body":"moneys -- Strategic plan for fund distribution -- Annual report and audit.\nThere is established in the State Treasury a fund to be known as the \"Kentucky Health\nCare Improvement Fund.\" This fund shall exist for the purpose of receipt and expenditure\nof moneys to improve health care and access to health insurance residents of the\nCommonwealth. The fund may receive state appropriations, gifts, grants, and federal\nfunds and shall be disbu rsed by the State Treasury upon the warrant of the secretary of\nthe Cabinet for Health and Family Services. Beginning July 1, 2000, twenty -five percent\n(25%) of the proceeds from the tobacco settlement agreement fund shall be deposited in\nthis fund as prov ided under KRS 248.654. All investment income earned from moneys\ndeposited in the fund shall accrue to the fund. The moneys in the fund shall not lapse at\nthe close of any fiscal year but shall be carried forward in the next fiscal year for the\npurpose of the fund. The board shall develop and oversee the implementation of a\nstrategic plan. The strategic plan shall identify both short -term and long -term goals and\nthe appropriate oversights to measure progress toward achievement of those goals, and it\nshall b e updated every two (2) years. The board shall submit an annual report to the\nGovernor and the Legislative Research Commission by September 1 of each year for the\npreceding fiscal year, outlining its activities and expenditures. The Auditor of Public\nAccounts, on an annual basis, shall conduct a thorough review of all expenditures from\nthe fund and, if necessary in the opinion of the Auditor, an audit of the operations of the\nfund. No money in the fund shall be allocated until the board has adopted a strategic plan.","path":["KRS Chapter 194A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=6639","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:46Z","sha256":"14a5aabe769f47cf5d2c09179c783a7087ee212d5703d6d86b81b03ac3d000a0","source_id":"us-ky","stale":false,"prev":"us-ky/krs-194a.052","next":"us-ky/krs-194a.058"},"notice":"GroundRules: Original legal text. Not legal advice."}